Home Buyer FAQ: What Are the Benefits of TSAHC’s Forgivable Second Lien DPA?

Home Buyer FAQ: What Are the Benefits of TSAHC’s Forgivable Second Lien DPA?

TSAHC's forgivable second lien down payment assistance (DPA) is with 0% interest and no monthly payments due. This assistance is forgiven, in full, upon the third anniversary of the date of the loan.  It is repayable, in full, during the three-year term upon sale, transfer or refinance.

 

Details about the forgivable second lien assistance option:

 

  • 3-5% DPA
  • Government and conventional loan types available
  • Lower interest rate on the first lien mortgage loan
  • No additional fees
  • 620+ FICO credit score required
  • You do not have to be a first-time home buyer to qualify

 

To compare DPA options, click here.

 

 

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